
Newmark Arranges 742K-SF Industrial Lease in Detroit Suburbs
Newmark arranged a 741,923-square-foot industrial lease with an undisclosed tenant at Wixom Assembly Park, a two-phase, five-building, 1.6-million-square-foot industrial park in the Detroit suburb of Wixom, MI. Vice chairman Mark Long and executive managing directors Dan Labes and David Giltner represented the park’s owner, Flint Development.
“We have had strong leasing momentum at Wixom Assembly Park, with two out of the five buildings having been delivered and now fully leased,” said Labes. “This is a testament to the unprecedented and still growing demand for bulk warehouse product in this market.”
The recent lease was for Building A, the largest within the park. It features up to 160 dock doors, four drive-in doors, 36-foot clear height, 50- by 52-foot column spacing, LED lighting, ESFR sprinklers and parking for 516 cars and 513 trailers. The building is situated in a prime location with immediate access to Interstate 96 at Wixom Road.
- ◦Lease